Affordable Housing

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Investopedia· 2025-08-08 23:00
From increased possibilities for an interest rate cut to the best areas for affordable housing, here is some news that could impact your wallet this week, and how you can prepare your finances for the week ahead. https://t.co/0MltOGWnWU ...
NYC Comptroller on Mamdani: I think there would be support for modest tax increase for childcare
CNBC Television· 2025-08-08 16:40
actually point out on the private side some infrastructure asset plays. Yes. Yes.Absolutely. Our infrastructure asset class did great this year. Also double digit returns.Does the strategy change do you think in the years ahead. Well, it's hard to, you know, whatever. These are volatile times, but long-term investors are trying to match where the market's growing.Um, of course, infrastructure is going to keep growing. Um, and yes, we actually did a big secondary sale in our private equity portfolio, $5 bill ...
Marin County Housing Development Secures Funding For Revitalization
Mill Valley, CA Patch· 2025-08-08 16:01
Real EstateBay Area Housing Development Secures Funding For RevitalizationThe housing development is scheduled to start renovations in early 2026. Built in 1961 and designed by Frank Lloyd Wright protégé Aaron Green, Golden Gate Village was originally created to house workers after World War II. (Shutterstock)MARIN COUNTY, CA — Officials from a historic housing complex in Marin County announced Tuesday they have received the necessary funding to start their plans to renovate. Golden Gate Villages, located i ...
Freddie Mac Expands Financing Options to Increase Availability of Affordable Housing
Globenewswire· 2025-08-06 15:03
Core Viewpoint - Freddie Mac expands its CHOICEHome financing options to include modern single-section factory-built homes, aiming to increase the availability of affordable housing and provide innovative financing solutions for lenders [1][2][3]. Group 1: Financing Expansion - The CHOICEHome mortgages will now cover modern factory-built single-section homes, effective August 6, 2025, encouraging more buyers and builders to consider these homes [2][3]. - The mean price of the newly accepted single-section home is approximately $200,000, while traditional single-family site-built homes average over $500,000, highlighting the affordability of the new financing option [3]. Group 2: Industry Impact - Freddie Mac's initiative is expected to enhance affordable homeownership and increase the housing supply, particularly benefiting first-time homebuyers [3][4]. - The inclusion of single-section homes in the CHOICEHome program is celebrated by industry leaders, indicating a collective effort to provide attainable and energy-efficient homeownership [3][4]. Group 3: Construction Standards - CHOICEHome financed manufactured homes must meet specific construction standards, including features like permanent foundations and energy-efficient designs, facilitating integration with existing neighborhoods [5].
CNBC Property Play: Building sustainable affordable housing at scale
CNBC Television· 2025-07-30 14:09
Market Overview & Challenges - The affordable housing crisis is worsening in both for-sale and rental markets [1] - Real estate faces challenges from higher interest rates, construction costs, and building department requirements [2] - There's a shortage of approximately 10 million units of affordable housing in the United States [4] Low Income Housing Tax Credit (LIHTC) - The Low Income Housing Tax Credit (LIHTC) has been dramatically expanded, serving as a primary tool for building and renovating affordable housing [3] - The expansion of LIHTC has received bipartisan support for about a decade [3] Development & Investment Strategies - Developers are committed to building well-designed, green buildings to overcome community opposition to affordable housing [7] - Green building initiatives aim for a five-year payback or better, equating to a 20% return on investment [14][15] - Existing affordable housing investment funds offer a way for investors to participate, though the market is complex and highly regulated [17][18] Rental Market Dynamics - Rent affordability is defined as costing no more than 30% of someone's income for those earning less than 60% (or sometimes 80%) of an area median income [9] - Affordable rents can range from $800-$1200 per month for a studio, $1500-$1800 for a one-bedroom, and around $2200 for a two-bedroom, varying by location [10] - There's a growing interest in renting due to the difficulty of homeownership and the recognition that renting can be more cost-effective [25][26] New York City Market - New York City has a pipeline of about 300 affordable housing projects ready to go, needing subsidies and support [29] - There is a need to expand resources for affordable housing preservation in New York, focusing on renovating older projects [30][31] Investment Returns - Investment funds offer investors a 9-12% IRR net on their investments over a 10-year hold, potentially doubling their investment [32]
Safehold Closes Ground Lease for Affordable Housing Development in San Diego
Prnewswire· 2025-07-24 20:05
Group 1 - Safehold Inc. has closed a ground lease for an Affordable Housing community in Mission Valley, San Diego, which will provide 227 units by 2028 [1][2] - The project is part of Safehold's strategy to invest in the Low-Income Housing Tax Credit (LIHTC) sector, which is seen as a crucial area for delivering affordable housing [2] - To date, Safehold has closed on eight ground leases for LIHTC developments in California, totaling over 1,600 units [2] Group 2 - Safehold Inc. is a leader in the modern ground lease industry, having created it in 2017, and aims to enhance real estate ownership by unlocking land value [3] - The company operates as a real estate investment trust (REIT) and focuses on providing safe, growing income and long-term capital appreciation to shareholders [3]
Enterprise Community Partners' Shaun Donovan: Our inflation problem is a housing problem
CNBC Television· 2025-07-18 15:04
The problem is, and I I think that's true of this election in New York. We call it an affordability election. It was a housing election.I think it's true of our election. Donald Trump was elected because we had an inflation problem. That was a housing problem. Our inflation problem was a housing problem the last few years.And so, this is a problem that is driving elections. I would even argue it's the number one issue, housing affordability in America. And then you take Manhattan.There's no solution to affo ...
Why Investing in Affordable Housing Poses 'Lower Risk'
Bloomberg Originals· 2025-07-16 15:11
Affordable housing is is is just like market rate housing. You have you have revenues and you have expenses. And to make the housing affordable for families, you either need an intervention on the revenue side in terms of what the actual families can pay.On the expense side, you have state and local governments. They'll say, "You know what? If you meet the policy objective of creating, preserving, improving affordable housing, we're going to give you a break on the property taxes." So, what does this mean f ...